ANG(SH:603689)2022-04-08 16:00Financial Performance - The company's operating revenue for 2021 was CNY 4,936,671,786.84, representing a 3.63% increase compared to CNY 4,763,596,975.18 in 2020[20]. - The net profit attributable to shareholders of the listed company decreased by 1.30% to CNY 206,375,973.04 in 2021 from CNY 209,085,182.84 in 2020[20]. - The net cash flow from operating activities was CNY 472,177,240.36, a decrease of 11.21% compared to CNY 531,808,824.76 in 2020[20]. - Total assets increased by 40.07% to CNY 5,169,591,032.09 at the end of 2021 from CNY 3,690,697,961.96 at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.61, a decrease of 1.61% from CNY 0.62 in 2020[21]. - The diluted earnings per share decreased by 4.84% to CNY 0.59 in 2021 from CNY 0.62 in 2020[21]. - The weighted average return on equity was 8.47% in 2021, down from 9.19% in 2020, a decrease of 0.72 percentage points[21]. - The net assets attributable to shareholders of the listed company increased by 9.47% to CNY 2,570,634,374.06 at the end of 2021 from CNY 2,348,334,977.26 at the end of 2020[20]. Dividend and Capital Structure - The proposed profit distribution plan for 2021 includes a cash dividend of 1.9 RMB per 10 shares, totaling 63,840,000 RMB (including tax) to be distributed to shareholders[5]. - The company plans to increase its total share capital by 134,400,000 shares through a capital reserve transfer, resulting in a new total share capital of 470,400,000 shares[5]. - The total number of shares as of the end of 2021 is 336,000,000, which serves as the basis for the proposed profit distribution[5]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's senior management[5]. - The company has not faced any violations in decision-making procedures regarding external guarantees[7]. - There are no non-operating fund occupations by controlling shareholders or related parties reported for the year[7]. Operational Highlights - The company achieved a total gas sales volume of 2.949 billion cubic meters, representing a year-on-year growth of 6.89%[30]. - The company constructed 1,512 kilometers of pipeline, accounting for approximately 70% of the province's long-distance pipeline network[30]. - The company has established 6 CNG refueling stations in various locations, enhancing its service capabilities in the region[42]. - The company has a market share of approximately 70% of the total long-distance pipeline mileage in Anhui Province, creating a comprehensive natural gas network[44]. Research and Development - In 2021, the company obtained 9 patents, reflecting its commitment to technological innovation[31]. - The company has increased its R&D expenses by 200.50% to 8.296 million yuan, reflecting a commitment to innovation and project development[52]. - R&D expenses totaled ¥8,296,103.13, accounting for 0.17% of total operating revenue, with a significant increase of 200.50% compared to the previous year[59]. Market and Strategic Initiatives - The company plans to expand its natural gas pipeline network, enhancing its market presence in the region[20]. - The company is focused on developing new technologies to improve operational efficiency and reduce costs[20]. - The company aims to increase the share of natural gas in China's primary energy consumption to around 15% by 2030, indicating a strong growth potential in the industry[43]. - The company is actively exploring new investment opportunities to enhance its multi-level gas supply system[71]. Management and Governance - The total pre-tax compensation for the management team during the reporting period amounted to 441.32 million CNY[93]. - The company reported no changes in shareholding for the board members and senior management throughout the year[91]. - The management team includes individuals with extensive experience in various sectors, including energy and finance, enhancing the company's strategic capabilities[94]. - The company has established specialized committees under the board, including the audit committee and the strategic committee, with specific members assigned[114]. Environmental and Social Responsibility - The company has strengthened its environmental management by conducting over 40 environmental inspections at its sites throughout the year[134]. - The company actively participated in poverty alleviation efforts, supporting local agricultural product procurement to aid rural revitalization[136]. - The company has implemented energy-saving measures, including monthly energy consumption tracking and promoting low-carbon travel among employees[134]. Financial Management and Investments - The company reported a total of 606.96 million RMB in deposits during the reporting period[160]. - The company has a total of 200 million RMB in entrusted loans with no overdue amounts[170]. - The company issued 9.3 million convertible bonds with a total amount of RMB 930 million, with a maturity date from November 8, 2021, to November 7, 2027, and a first-year interest rate of 0.2%[177]. - The company maintained a credit rating of AA+ for both its corporate credit and the issued convertible bonds[195].